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</b><b>EXAMPLE:</b><b>EXAMPLE: </b><b>EXAMPLE:</b>2801971971970.65050.2494http://www.spdrs.comhttp://www.spdrs.comhttp://www.spdrs.comhttp://www.spdrs.comhttp://www.spdrs.comhttp://www.spdrs.comhttp://www.spdrs.comThe Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 27% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 37% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 42% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 36% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the period from the commencement of the Fund&#8217;s operations (May 29, 2013) to the end of the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 1% of the average value of its portfolio.0.17650.20740.28480.34710.26840.23110.36050.1490.3238<b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&amp;P 600 Small Cap ETF </b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Global Dow ETF</b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Morgan Stanley Technology ETF</b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&amp;P<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Health Care Equipment ETF </b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&amp;P<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Software &amp; Services ETF</b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&amp;P<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Telecom ETF </b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&amp;P<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Transportation ETF </b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Barclays 1-10 Year TIPS ETF</b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Barclays Short Term High Yield Bond ETF </b>&#8220;Other Expenses&#8221; are based on estimated amounts for the current fiscal year.<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)SP(R)HealthCareEquipmentETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDRRSandPRSoftwareAndServicesETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)SP(R)TransportationETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDRBarclays1-10YearTIPSETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)BarclaysInternationalCorporateBondETF column period compact * ~</div>The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index.<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b></b><b>ANNUAL FUND OPERATING EXPENSES</b> (expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b></b><b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES</b> (expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES</b> (expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):51512536363636361556412008-11-092011-09-282011-09-282011-09-282011-09-282011-09-282011-09-282011-09-282011-09-282011-01-262011-01-262011-01-262011-01-262011-09-282011-09-282011-09-282011-09-28<b>ANNUAL FUND OPERATING EXPENSES </b>(expenses that you pay each year as a percentage of the value of your investment):<b></b><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDRBarclaysShortTermHighYieldBondETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)SP(R)TelecomETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)SP(R)AerospaceDefenseETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)SP(R)HealthCareServicesETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)SP600SmallCapETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)GlobalDowETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualFundOperatingExpensesSPDR(R)MorganStanleyTechnologyETF column period compact * ~</div><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Barclays International Corporate Bond ETF</b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&P<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Health Care Services ETF</b><b>SPDR<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> S&amp;P<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Aerospace &amp; Defense ETF </b>0.0274The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 54% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 37% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 34% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 48% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 34% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 11% of the average value of its portfolio.The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 13% of the average value of its portfolio.http://www.spdrs.comhttp://www.spdrs.comhttp://www.spdrs.com224307197197197135280<b>EXAMPLE: </b><b>EXAMPLE: </b><b>EXAMPLE: </b><b>EXAMPLE: </b><b>EXAMPLE: </b><b>EXAMPLE: </b><b>EXAMPLE: </b><b>EXAMPLE:</b>2013-09-302013-09-302013-09-302013-09-302013-09-302013-09-302005-11-082005-11-082005-11-082005-11-08362011-01-262011-01-262011-01-262011-01-262011-01-262011-01-262011-01-262011-01-262010-05-192010-05-192010-05-192010-05-19<b>INVESTMENT OBJECTIVE</b><b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). &#8220;Acquired Fund Fees and Expenses&#8221; reflect the Fund&#8217;s pro rata share of the fees and expenses incurred indirectly through its ownership in other investment companies, such as business development companies (&#8220;BDCs&#8221;). BDC expenses are similar to the expenses paid by any operating company held by the Fund. They are not direct costs paid by the Fund shareholders and are not used to calculate the Fund&#8217;s net asset value. They have no impact on the costs associated with fund operations. This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.160<b>PORTFOLIO TURNOVER:</b><b>INVESTMENT OBJECTIVE</b><b>FEES AND EXPENSES OF THE FUND</b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.005This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:<b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY</b>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br /><br /><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br /><br /><b>FOREIGN SECURITIES RISK:</b>&nbsp; Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Investments in securities issued by entities based outside the U.S. pose distinct risks since political and economic events unique to a country or region will affect those markets and their issuers. Further, such entities and/or their securities may also be affected by currency controls; different accounting, auditing, financial reporting, and legal standards and practices; expropriation; changes in tax policy; greater market volatility; differing securities market structures; higher transaction costs; and various administrative difficulties, such as delays in clearing and settling portfolio transactions or in receiving payment of dividends. Securities traded on foreign markets may be less liquid (harder to sell) than securities traded domestically. These risks may be heightened in connection with investments in developing or emerging countries.<br /><br /><b>EMERGING MARKETS RISK:</b>&nbsp; Investment in emerging markets subjects the Fund to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, high levels of inflation, deflation or currency devaluation, greater risk of market shut down, and more governmental limitations on foreign investment policy than those typically found in a developed market. In addition, the financial stability of issuers (including governments) in emerging market countries may be more precarious than in other countries. As a result, there will tend to be an increased risk of price volatility in a Fund&#8217;s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar. Settlement practices for transactions in foreign markets may differ from those in U.S. markets. Such differences include delays beyond periods customary in the United States and practices, such as delivery of securities prior to receipt of payment, which increase the likelihood of a &#8220;failed settlement.&#8221; Failed settlements can result in losses to the Fund. For these and other reasons, investments in emerging markets are often considered speculative.<br /><br /><b>EQUITY INVESTING RISK:</b>&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br /><br /><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote><b>AVERAGE ANNUAL TOTAL RETURNS </b>(for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares. Effective May 2, 2011, the Fund changed its benchmark index to The Global Dow from the Dow Jones Global Titans 50 Index U.S. Close. The Fund&#8217;s performance prior to May 2, 2011 is therefore based on the Fund&#8217;s prior investment strategy to track a different benchmark index.0.13540.13120.09320.13410.05430.0050.03530.03160.03040.04321600.17610.17440.11670.1816<b>INVESTMENT OBJECTIVE</b>0.09410.09350.08380.0992<b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.In seeking to track the performance of The Global Dow (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index. <br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA FM). <br/><br/>The Index is made up of 150 constituents from around the world selected by an Averages Committee comprised of the managing editor of the Wall Street Journal, the head of Dow Jones Indexes research and the head of CME Group research. The 150 companies are selected not just based on size and reputation, but also on their promise of future growth. The Index has been designed to cover both developed and emerging countries. The Index is equal weighted and will be reset to equal weights annually each September. As of September 30, 2013, the Index was comprised of 150 stocks. <br/><br/>The Index is sponsored by S&amp;P Dow Jones Indices LLC (&#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:<b>PORTFOLIO TURNOVER: </b><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b><b>AVERAGE ANNUAL TOTAL RETURNS</b> (for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.-0.4491-0.1060.1761As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)MorganStanleyTechnologyETFBarChart column period compact * ~</div><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.Highest Quarterly Return: 15.94% (Q2 2009)<br/>Lowest Quarterly Return: -19.80% (Q4 2008)-0.3773Highest Quarterly Return: 27.51% (Q2 2003)<br/> Lowest Quarterly Return: -28.11% (Q4 2008)-0.11580.1354As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.0.0024<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.2009-06-300.1594Lowest Quarterly Return:2008-12-31This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:772003-06-300.2751Lowest Quarterly Return:2008-12-31<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)GlobalDowETFBarChart column period compact * ~</div>This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.In seeking to track the performance of the Morgan Stanley Technology Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br/><br/>The Index is composed purely of electronics-based technology companies. The Index was the first listed broad-market technology barometer dedicated exclusively to the electronics-based technology industry. The Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, PC software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems; and semiconductors. The New York Stock Exchange (&#8220;NYSE&#8221;) calculates the Index. Morgan Stanley &amp; Co. Incorporated acts as consultant to the NYSE in connection with NYSE&#8217;s maintenance of the Index. The Index is equal-dollar-weighted to ensure that each of its component securities is represented in approximate equal dollar value. To ensure that each component stock continues to represent approximate equal market value in the Index, adjustments, if necessary, are made annually after the close of trading on the third Friday of December. As of September 30, 2013, the Index was comprised of 35 stocks.<br/><br/>The Index is sponsored by Morgan Stanley &amp; Co. Incorporated (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.<b>PORTFOLIO TURNOVER: </b>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy. <br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund. <br/><br/><b>TECHNOLOGY SECTOR RISK:</b>&nbsp; The Fund&#8217;s assets will generally be concentrated in the technology industry, which means the Fund will be more affected by the performance of the technology industry versus a fund that was more diversified. The Fund is subject to the risk that market or economic factors impacting technology companies and companies that rely heavily on technology advances could have a major effect on the value of the Fund&#8217;s investments. The value of stocks of technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Additionally, companies in the technology sector may face dramatic and often unpredictable changes in growth rates and competition for the services of qualified personnel. <br/><br/><b>ELECTRONICS INDUSTRY RISK</b>:&nbsp; The electronics industry can be significantly affected by competitive pressures, aggressive pricing, technological developments, changing domestic demand, the ability to attract and retain skilled employees and availability and price of components. The market for products is characterized by rapidly changing technology, rapid product obsolescence, cyclical market patterns, evolving industry standards and frequent new product introductions. The success of industry participants depends in substantial part on the timely and successful introduction of new products. An unexpected change in one or more of the technologies affecting an issuer&#8217;s products or in the market for products based on a particular technology could have a material adverse effect on a participant&#8217;s operating results. Companies in the electronics industry may rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by such companies to protect their proprietary rights will be adequate to prevent misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies&#8217; technology.<br/><br/><b>EQUITY INVESTING RISK:</b>&nbsp;&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices. <br/><br/><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>In seeking to track the performance of the S&amp;P SmallCap 600 Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br/><br/>The Index measures the performance of the small-capitalization sector in the U.S. equity market. The selection universe for the Index includes all U.S. common equities, including BDCs, listed on the NYSE, NASDAQ Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations generally between $350 million and $1.6 billion at the time of inclusion. Capitalization ranges may be revised by the Index Provider (as defined below) at any time. To be included in the Index, a security should (i) have an annual dollar value traded to float adjusted market capitalization ratio of 1 or greater; (ii) trade a minimum of 250,000 shares in each of the six months leading up to the evaluation date; (iii) have a public float of at least 50%; and (iv) have four consecutive quarters of positive as-reported earnings. The Index is float-adjusted, market capitalization weighted and changes to the Index are made on an as-needed basis. As of September 30, 2013, the Index was comprised of 600 stocks.<br/><br/>The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.2009-06-300.2604Lowest Quarterly Return:2008-12-31Highest Quarterly Return: 26.04% (Q2 2009)<br/> Lowest Quarterly Return: -26.84% (Q4 2008)-0.37470.00920.1614The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.0.16140.15710.10760.1633This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares. <br/><div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)SP600SmallCapETFBarChart column period compact * ~</div>0.0035This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:113113<b>PORTFOLIO TURNOVER: </b><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>0.2260.2260.21160.14950.2312<b>AVERAGE ANNUAL TOTAL RETURNS </b>(for periods ending 12/31/12)<b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:Highest Quarterly Return: 10.80% (Q1 2012) <br/>Lowest Quarterly Return: -3.79% (Q2 2012)<b>PORTFOLIO TURNOVER: </b><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b><b>INVESTMENT OBJECTIVE</b>This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.2012-03-310.108Lowest Quarterly Return:2012-06-30As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br/><br/><b>HEALTH CARE SERVICES SECTOR RISK:</b>&nbsp; The Fund&#8217;s assets will generally be concentrated in the health care providers and services industry, which means the Fund will be more affected by the performance of the health care providers and services industry versus a fund that was more diversified. Companies in the health care industry are affected by rising costs of medical products, devices and services and the increased emphasis on the delivery of health care through outpatient services. The health care industry is highly competitive and can be significantly affected by extensive government regulation or government reimbursement for medical expenses. The equipment may be subject to extensive litigation based on malpractice claims, product liability claims or other litigation. Medical equipment manufacturers are heavily dependent on patent protection and the expiration of patents may adversely affect their profitability. Many new health care products are subject to the approval of the U.S. Food and Drug Administration (&#8220;FDA&#8221;). The process of obtaining FDA approval is often long and expensive.<br/><br/><b>HEALTH CARE SECTOR RISK:</b>&nbsp; Companies in the health care sector are subject to extensive government regulation and their profitability can be significantly affected by restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure (including price discounting), limited product lines and an increased emphasis on the delivery of healthcare through outpatient services. Companies in the health care sector are heavily dependent on obtaining and defending patents, which may be time consuming and costly, and the expiration of patents may also adversely affect the profitability of the companies. Health care companies are also subject to extensive litigation based on product liability and similar claims. In addition, their products can become obsolete due to industry innovation, changes in technologies or other market developments. Many new products in the health care sector require significant research and development and may be subject to regulatory approvals, all of which may be time consuming and costly with no guarantee that any product will come to market.<br/><br/><b>EQUITY INVESTING RISK:</b>&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br/><br/><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.<b>AVERAGE ANNUAL TOTAL RETURNS </b>(for periods ending 12/31/12)<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)SP(R)HealthCareServicesETFBarChart column period compact * ~</div>2012-03-310.1147Lowest Quarterly Return:2012-06-30Highest Quarterly Return: 11.47% (Q1 2012)<br/>Lowest Quarterly Return: -0.99% (Q2 2012)<b>INVESTMENT OBJECTIVE</b>0.1742<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)SP(R)AerospaceDefenseETFBarChart column period compact * ~</div>In seeking to track the performance of the S&amp;P Health Care Services Select Industry Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br/><br/>The Index represents the health care services industry group of the S&amp;P Total Market Index (&#8220;S&amp;P TMI&#8221;). The Index is one of twenty-five (25) of the S&amp;P Select Industry Indices (the &#8220;Select Industry Indices&#8221;), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (&#8220;GICS&#8221;). Membership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirements. Companies in the Select Industry Indices are classified based primarily on revenues; however, earnings and market perception are also considered. The Index consists of the S&amp;P TMI constituents belonging to the particular GICS sub-industry or group of sub-industries that satisfy the following criteria: (i) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the index rebalancing reference date) above 90% or have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio (as defined above) above 150%; and (ii) are U.S. based companies. The length of time to evaluate liquidity is reduced to the available trading period for initial public offerings or spin-offs that do not have 12 months of trading history. If there are fewer than 35 stocks, stocks from a supplementary list of highly correlated sub-industries that meet the market capitalization and liquidity thresholds are included in order of their float-adjusted market capitalization. The market capitalization threshold may be relaxed to ensure that there are at least 22 stocks in the Index as of the rebalancing effective date. Existing Index constituents are removed at the quarterly rebalancing effective date if either their float-adjusted market capitalization falls below $300 million or their float-adjusted liquidity ratio falls below 50%. The market capitalization threshold and the liquidity threshold are each reviewed from time to time based on market conditions. Rebalancing occurs on the third Friday of the quarter ending month. The S&amp;P TMI tracks all the U.S. common stocks listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market and the NASDAQ Capital Market. The Index is an equal weighted market cap index. As of September 30, 2013, the Index was comprised of 53 stocks.<br/><br/>The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.0.17860.11680.16860.1742The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br/><br/><b>AEROSPACE AND DEFENSE SECTOR RISK:</b>&nbsp; The Fund&#8217;s assets will generally be concentrated in the aerospace and defense industry, which means the Fund will be more affected by the performance of the aerospace and defense industry versus a fund that was more diversified. The aerospace and defense industry can be significantly affected by government aerospace and defense regulation and spending policies because companies involved in this industry rely to a significant extent on U.S. (and other) government demand for their products and services. Thus, the financial condition of, and investor interest in, aerospace and defense companies are heavily influenced by governmental defense spending policies which are typically under pressure from efforts to control the U.S. (and other) government budgets.<br/><br/><b>INDUSTRIAL SECTOR RISK:</b>&nbsp; Stock prices for industrial companies are affected by supply and demand both for their specific product or service and for industrial sector products in general. Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities will likewise affect the performance of these companies. Aerospace and defense companies, a component of the industrial sector, can be significantly affected by government spending policies because companies involved in this industry rely to a significant extent on U.S. and foreign government demand for their products and services. Thus, the financial condition of, and investor interest in, aerospace and defense companies are heavily influenced by governmental defense spending policies which are typically under pressure from efforts to control the U.S. (and other) government budgets. Transportation stocks, a component of the industrial sector, are cyclical and have occasional sharp price movements which may result from changes in the economy, fuel prices, labor agreements and insurance costs.<br/><br/><b>EQUITY INVESTING RISK:</b>&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br/><br/><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote>In seeking to track the performance of the S&amp;P Aerospace &amp; Defense Select Industry Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br/><br/>The Index represents the aerospace and defense industry group of the S&amp;P Total Market Index (&#8220;S&amp;P TMI&#8221;). The Index is one of twenty-five (25) of the S&amp;P Select Industry Indices (the &#8220;Select Industry Indices&#8221;), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (&#8220;GICS&#8221;). Membership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirements. Companies in the Select Industry Indices are classified based primarily on revenues; however, earnings and market perception are also considered. The Index consists of the S&amp;P TMI constituents belonging to the particular GICS sub-industry or group of sub-industries that satisfy the following criteria: (i) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the index rebalancing reference date) above 90% or have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio (as defined above) above 150%; and (ii) are U.S. based companies. The length of time to evaluate liquidity is reduced to the available trading period for initial public offerings or spin-offs that do not have 12 months of trading history. If there are fewer than 35 stocks, stocks from a supplementary list of highly correlated sub-industries that meet the market capitalization and liquidity thresholds are included in order of their float-adjusted market capitalization. The market capitalization threshold may be relaxed to ensure that there are at least 22 stocks in the Index as of the rebalancing effective date. Existing Index constituents are removed at the quarterly rebalancing effective date if either their float-adjusted market capitalization falls below $300 million or their float-adjusted liquidity ratio falls below 50%. The market capitalization threshold and the liquidity threshold are each reviewed from time to time based on market conditions. Rebalancing occurs on the third Friday of the quarter ending month. The S&amp;P TMI tracks all the U.S. common stocks listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market and the NASDAQ Capital Market. The Index is an equal weighted market cap index. As of September 30, 2013, the Index was comprised of 35 stocks.<br/><br/>The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.0.0035This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.<b>FEES AND EXPENSES OF THE FUND </b><b>INVESTMENT OBJECTIVE</b>The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares. Prior to December 17, 2010, the Fund&#8217;s investment strategy sought to track the total return performance of an index different from the S&amp;P SmallCap 600 Index. Performance of the Fund prior to December 17, 2010 is therefore based on the Fund&#8217;s prior investment strategy to track a different benchmark index.<b>AVERAGE ANNUAL TOTAL RETURNS </b> (for periods ending 12/31/12)As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br/><br/><b>SMALL CAP RISK:</b>&nbsp; Small-sized companies may be more volatile and more likely than large- and mid-capitalization companies to have relatively limited product lines, markets or financial resources, or depend on a few key employees. Returns on investments in stocks of small companies could trail the returns on investments in stocks of larger companies.<br/><br/><b>EQUITY INVESTING RISK:</b>&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br/><br/><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote>Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.<b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.0035This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:113<b>PORTFOLIO TURNOVER: </b><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>In seeking to track the performance of the S&amp;P Health Care Equipment Select Industry Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br/><br/>The Index represents the health care equipment industry group of the S&amp;P Total Market Index (&#8220;S&amp;P TMI&#8221;). The Index is one of twenty-five (25) of the S&amp;P Select Industry Indices (the &#8220;Select Industry Indices&#8221;), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (&#8220;GICS&#8221;). Membership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirements. Companies in the Select Industry Indices are classified based primarily on revenues; however, earnings and market perception are also considered. The Index consists of the S&amp;P TMI constituents belonging to the particular GICS sub-industry or group of sub-industries that satisfy the following criteria: (i) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the index rebalancing reference date) above 90% or have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio (as defined above) above 150%; and (ii) are U.S. based companies. The length of time to evaluate liquidity is reduced to the available trading period for initial public offerings or spin-offs that do not have 12 months of trading history. If there are fewer than 35 stocks, stocks from a supplementary list of highly correlated sub-industries that meet the market capitalization and liquidity thresholds are included in order of their float-adjusted market capitalization. The market capitalization threshold may be relaxed to ensure that there are at least 22 stocks in the Index as of the rebalancing effective date. Existing Index constituents are removed at the quarterly rebalancing effective date if either their float-adjusted market capitalization falls below $300 million or their float-adjusted liquidity ratio falls below 50%. The market capitalization threshold and the liquidity threshold are each reviewed from time to time based on market conditions. Rebalancing occurs on the third Friday of the quarter ending month. The S&amp;P TMI tracks all the U.S. common stocks listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market and the NASDAQ Capital Market. The Index is an equal weighted market cap index. As of September 30, 2013, the Index was comprised of 58 stocks.<br/><br/>The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br/><br/><b>HEALTH CARE EQUIPMENT SECTOR RISK:</b>&nbsp; The Fund&#8217;s assets will generally be concentrated in the health care equipment and supplies industry, which means the Fund will be more affected by the performance of the health care equipment and supplies industry versus a fund that was more diversified. Companies in the health care industry are affected by rising costs of medical products, devices and services and the increased emphasis on the delivery of health care through outpatient services. The health care industry is highly competitive and can be significantly affected by extensive government regulation or government reimbursement for medical expenses. The equipment may be subject to extensive litigation based on malpractice claims, product liability claims or other litigation. Medical equipment manufacturers are heavily dependent on patent protection and the expiration of patents may adversely affect their profitability. Many new health care products are subject to the approval of the U.S. Food and Drug Administration (&#8220;FDA&#8221;). The process of obtaining FDA approval is often long and expensive.<br/><br/><b>HEALTH CARE SECTOR RISK:</b>&nbsp; Companies in the health care sector are subject to extensive government regulation and their profitability can be significantly affected by restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure (including price discounting), limited product lines and an increased emphasis on the delivery of healthcare through outpatient services. Companies in the health care sector are heavily dependent on obtaining and defending patents, which may be time consuming and costly, and the expiration of patents may also adversely affect the profitability of the companies. Health care companies are also subject to extensive litigation based on product liability and similar claims. In addition, their products can become obsolete due to industry innovation, changes in technologies or other market developments. Many new products in the health care sector require significant research and development and may be subject to regulatory approvals, all of which may be time consuming and costly with no guarantee that any product will come to market.<br/><br/><b>EQUITY INVESTING RISK:</b>&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br/><br/><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.2012-03-310.1444Lowest Quarterly Return:2012-12-310.1651<b>AVERAGE ANNUAL TOTAL RETURNS </b> (for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)SP(R)HealthCareEquipmentETFBarChart column period compact * ~</div><b>INVESTMENT OBJECTIVE</b>Highest Quarterly Return: 14.44% (Q1 2012)<br/>Lowest Quarterly Return: -4.64% (Q4 2012)<br /><br /><b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.<b>INVESTMENT OBJECTIVE</b><b>FEES AND EXPENSES OF THE FUND</b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:<b>PORTFOLIO TURNOVER:</b>0.0035<b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY</b>Highest Quarterly Return: 14.52% (Q1 2012)<br/>Lowest Quarterly Return: -4.09% (Q2 2012)<b>AVERAGE ANNUAL TOTAL RETURNS </b>(for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.113This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.00350.1543The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.2012-03-310.1452Lowest Quarterly Return:2012-06-30This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:113<b>PORTFOLIO TURNOVER: </b>This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.<b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>In seeking to track the performance of the S&amp;P Telecom Select Industry Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br></br>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br></br>The Index represents the telecommunications industry group of the S&amp;P Total Market Index (&#8220;S&amp;P TMI&#8221;). The Index is one of twenty-five (25) of the S&amp;P Select Industry Indices (the &#8220;Select Industry Indices&#8221;), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (&#8220;GICS&#8221;). Membership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirements. Companies in the Select Industry Indices are classified based primarily on revenues; however, earnings and market perception are also considered. The Index consists of the S&amp;P TMI constituents belonging to the particular GICS sub-industry or group of sub-industries that satisfy the following criteria: (i) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the index rebalancing reference date) above 90% or have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio (as defined above) above 150%; and (ii) are U.S. based companies. The length of time to evaluate liquidity is reduced to the available trading period for initial public offerings or spin-offs that do not have 12 months of trading history. If there are fewer than 35 stocks, stocks from a supplementary list of highly correlated sub-industries that meet the market capitalization and liquidity thresholds are included in order of their float-adjusted market capitalization. The market capitalization threshold may be relaxed to ensure that there are at least 22 stocks in the Index as of the rebalancing effective date. Existing Index constituents are removed at the quarterly rebalancing effective date if either their float-adjusted market capitalization falls below $300 million or their float-adjusted liquidity ratio falls below 50%. The market capitalization threshold and the liquidity threshold are each reviewed from time to time based on market conditions. Rebalancing occurs on the third Friday of the quarter ending month. The S&amp;P TMI tracks all the U.S. common stocks listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market and the NASDAQ Capital Market. The Index is an equal weighted market cap index. As of September 30, 2013, the Index was comprised of 54 stocks.<br></br>Should the Index not contain the required minimum of 35 qualifying companies, it may contain members of the Communications Equipment sub-industry.<br></br>The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b> &nbsp;The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br></br><b>INDEX TRACKING RISK:</b> &nbsp;While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br></br><b>TELECOMMUNICATIONS SECTOR RISK:</b> &nbsp;The Fund&#8217;s assets will generally be concentrated in the telecommunications industry, which means the Fund will be more affected by the performance of the telecommunications industry versus a fund that was more diversified. The telecommunications industry is subject to extensive government regulation. The costs of complying with governmental regulations, delays or failure to receive required regulatory approvals or the enactment of new adverse regulatory requirements may adversely affect the business of the telecommunications companies. The telecommunications industry can also be significantly affected by intense competition, including competition with alternative technologies such as wireless communications, product compatibility, consumer preferences, rapid product obsolescence and research and development of new products. Technological innovations may make the products and services of telecommunications companies obsolete. Other risks include uncertainties resulting from such companies&#8217; diversification into new domestic and international businesses, as well as agreements by any such companies linking future rate increases to inflation or other factors not directly related to the actual operating profits of the enterprise.<br></br><b>EQUITY INVESTING RISK:</b> &nbsp;An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br></br><b>NON-DIVERSIFICATION RISK:</b> &nbsp;The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b> &nbsp;The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.In seeking to track the performance of the S&amp;P Software &amp; Services Select Industry Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser).<br/><br/>The Index represents the software and services industry group of the S&amp;P Total Stock Market Index (&#8220;S&amp;P TMI&#8221;). The Index is one of twenty-five (25) of the S&amp;P Select Industry Indices (the &#8220;Select Industry Indices&#8221;), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (&#8220;GICS&#8221;). Membership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirements. Companies in the Select Industry Indices are classified based primarily on revenues; however, earnings and market perception are also considered. The Index consists of the S&amp;P TMI constituents belonging to the particular GICS sub-industry or group of sub-industries that satisfy the following criteria: (i) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the index rebalancing reference date) above 90% or have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio (as defined above) above 150%; and (ii) are U.S. based companies. The length of time to evaluate liquidity is reduced to the available trading period for initial public offerings or spin-offs that do not have 12 months of trading history. If there are fewer than 35 stocks, stocks from a supplementary list of highly correlated sub-industries that meet the market capitalization and liquidity thresholds are included in order of their float-adjusted market capitalization. The market capitalization threshold may be relaxed to ensure that there are at least 22 stocks in the Index as of the rebalancing effective date. Existing Index constituents are removed at the quarterly rebalancing effective date if either their float-adjusted market capitalization falls below $300 million or their float-adjusted liquidity ratio falls below 50%. The market capitalization threshold and the liquidity threshold are each reviewed from time to time based on market conditions. Rebalancing occurs on the third Friday of the quarter ending month. The S&amp;P TMI tracks all the U.S. common stocks listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market and the NASDAQ Capital Market. The index is an equal weighted market cap index. As of September 30, 2013, the Index was comprised of 163 stocks.<br/><br/>The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.Highest Quarterly Return: 11.65% (Q1 2012)<br/>Lowest Quarterly Return: -11.54% (Q2 2012)0.1197As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br/><br/><b>COMPUTER SOFTWARE/SERVICES SECTOR RISK:</b>&nbsp; The Fund&#8217;s assets will generally be concentrated in the computer industry, which means the Fund will be more affected by the performance of the computer industry versus a fund that was more diversified. The Fund will concentrate in segments of the computer industry. The computer industry, including companies servicing the computer industry, can be significantly affected by competitive pressures, aggressive pricing, technological developments, changing domestic demand, the ability to attract and retain skilled employees and availability and price of components. The market for products produced by computer companies is characterized by rapidly changing technology, rapid product obsolescence, cyclical market patterns, evolving industry standards and frequent new product introductions. The success of industry participants depends in substantial part on the timely and successful introduction of new products and the ability to service such products. An unexpected change in one or more of the technologies affecting an issuer&#8217;s products or in the market for products based on a particular technology could have a material adverse effect on a participant&#8217;s operating results.<br/><br/>Many computer companies rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by computer companies to protect their proprietary rights will be adequate to prevent misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies&#8217; technology.<br/><br/><b>TECHNOLOGY SECTOR RISK:</b>&nbsp; The Fund is subject to the risk that market or economic factors impacting technology companies and companies that rely heavily on technology advances could have a major effect on the value of the Fund&#8217;s investments. The value of stocks of technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Additionally, companies in the technology sector may face dramatic and often unpredictable changes in growth rates and competition for the services of qualified personnel.<br/><br/><b>EQUITY INVESTING RISK:</b>&nbsp; An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices.<br/><br/><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote><b>AVERAGE ANNUAL TOTAL RETURNS </b> (for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDRRSandPRSoftwareAndServicesETFBarChart column period compact * ~</div>2012-03-310.1165Lowest Quarterly Return:2012-06-30<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)SP(R)TelecomETFBarChart column period compact * ~</div>113<b>PORTFOLIO TURNOVER: </b>In seeking to track the performance of the S&amp;P Transportation Select Industry Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index. <br /><br />Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in equity securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). <br /><br />The Index represents the transportation industry group of the S&amp;P Total Market Index (&#8220;S&amp;P TMI&#8221;). The Index is one of twenty-five (25) of the S&amp;P Select Industry Indices (the &#8220;Select Industry Indices&#8221;), each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (&#8220;GICS&#8221;). Membership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirements. Companies in the Select Industry Indices are classified based primarily on revenues; however, earnings and market perception are also considered. The Index consists of the S&amp;P TMI constituents belonging to the particular GICS sub-industry or group of sub-industries that satisfy the following criteria: (i) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the index rebalancing reference date) above 90% or have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio (as defined above) above 150%; and (ii) are U.S. based companies. The length of time to evaluate liquidity is reduced to the available trading period for initial public offerings or spin-offs that do not have 12 months of trading history. If there are fewer than 35 stocks, stocks from a supplementary list of highly correlated sub-industries that meet the market capitalization and liquidity thresholds are included in order of their float-adjusted market capitalization. The market capitalization threshold may be relaxed to ensure that there are at least 22 stocks in the Index as of the rebalancing effective date. Existing Index constituents are removed at the quarterly rebalancing effective date if either their float-adjusted market capitalization falls below $300 million or their float-adjusted liquidity ratio falls below 50%. The market capitalization threshold and the liquidity threshold are each reviewed from time to time based on market conditions. Rebalancing occurs on the third Friday of the quarter ending month. The S&amp;P TMI tracks all the U.S. common stocks listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market and the NASDAQ Capital Market. The Index is an equal weighted market cap index. As of September 30, 2013, the Index was comprised of 43 stocks. <br /><br />The Index is sponsored by S&amp;P Dow Jones Indices LLC (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund. <blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b> &nbsp;The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy. <br /><br /><b>INDEX TRACKING RISK:</b> &nbsp;While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund. <br /><br /><b>TRANSPORTATION SECTOR RISK:</b> &nbsp;The Fund&#8217;s assets will generally be concentrated in the transportation industry, which means the Fund will be more affected by the performance of the transportation industry versus a fund that was more diversified. The transportation industry can be significantly affected by changes in the economy, fuel prices, labor relations, technology developments, exchange rates, insurance costs, industry competition and government regulation. <br /><br /><b>INDUSTRIAL SECTOR RISK:</b> &nbsp;Stock prices for industrial companies are affected by supply and demand both for their specific product or service and for industrial sector products in general. Government regulation, world events, exchange rates and economic conditions, technological developments and liabilities for environmental damage and general civil liabilities will likewise affect the performance of these companies. Aerospace and defense companies, a component of the industrial sector, can be significantly affected by government spending policies because companies involved in this industry rely to a significant extent on U.S. and foreign government demand for their products and services. Thus, the financial condition of, and investor interest in, aerospace and defense companies are heavily influenced by governmental defense spending policies which are typically under pressure from efforts to control the U.S. (and other) government budgets. Transportation stocks, a component of the industrial sector, are cyclical and have occasional sharp price movements which may result from changes in the economy, fuel prices, labor agreements and insurance costs. <br /><br /><b>EQUITY INVESTING RISK:</b> &nbsp;An investment in the Fund involves risks similar to those of investing in any fund of equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices. <br /><br /><b>NON-DIVERSIFICATION RISK:</b> &nbsp;The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote><b>INVESTMENT OBJECTIVE</b><b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.0035This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:<b>FEES AND EXPENSES OF THE FUND </b>48<b>PORTFOLIO TURNOVER: </b>In seeking to track the performance of the Barclays 1-10 Year Government Inflation-linked Bond Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index. <br /><br />Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index or in securities the Adviser determines have economic characteristics substantially identical to the economic characteristics of the securities that comprise the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in debt securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). <br /><br />The Index is designed to measure the performance of the inflation protected public obligations of the U.S. Treasury commonly known as &#8220;TIPS&#8221; that have a remaining maturity greater than or equal to 1 year and less than 10 years. TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. The Index includes publicly issued, TIPS that have at least 1 year remaining to maturity and less than 10 years on index rebalancing date, with an issue size equal to or in excess of $500 million. The total amount outstanding for each issue is reflected, there are no adjustments made for sums held in the Federal Reserve System Open Market Account (SOMA) account. Bonds must be capital-indexed and linked to a domestic inflation index. The securities must be issued by the US Government and must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. New bonds/ reopening&#8217;s entering the Index must settle on or before the index rebalancing date. The Index is rebalanced on the last calendar date of each month. As of September 30, 2013, the Index was comprised of 22 securities. <br /><br />The Index is sponsored by Barclay&#8217;s, Inc. (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index and relative weightings of the securities in the Index and publishes information regarding the market value of the Index.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund. <blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy. <br /><br /><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund. <br /><br /><b>INFLATION PROTECTED SECURITIES RISK:</b>&nbsp; Inflation protected securities, such as TIPS, generally fluctuate in response to changes in &#8220;real&#8221; interest rates. Real interest rates represent nominal (stated) interest rates reduced by the expected impact of inflation. Generally, an inflation protected security&#8217;s value will decrease when real interest rates rise and increase when real interest rates fall. Interest payments on inflation-protected debt securities can be unpredictable and will vary as the principal and/or interest is adjusted for inflation. During periods of &#8220;deflation,&#8221; the principal and income of an inflation protected security may decline in price, which could result in losses for the Fund. <br /><br /><b>DEBT SECURITIES INVESTING RISK:</b>&nbsp; The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income. <br /><br /><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b> &nbsp;The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.Highest Quarterly Return: 12.91% (Q4 2012)<br/>Lowest Quarterly Return: -3.26% (Q3 2012)0.2038<b>AVERAGE ANNUAL TOTAL RETURNS</b> (for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.2012-12-310.1291Lowest Quarterly Return:2012-09-30<b>INVESTMENT OBJECTIVE</b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.0015<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)SP(R)TransportationETFBarChart column period compact * ~</div>This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.<b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.<b>INVESTMENT OBJECTIVE</b><b>FEES AND EXPENSES OF THE FUND </b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.0055This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:176<b>PORTFOLIO TURNOVER: </b><b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b><b>AVERAGE ANNUAL TOTAL RETURNS </b>(for periods ending 12/31/12)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.In seeking to track the performance of the Barclays Global Aggregate ex-USD &gt;$1B: Corporate Bond Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, State Street Global Advisors Limited (&#8220;SSgA LTD&#8221; or the &#8220;Sub-Adviser&#8221;), the investment sub-adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.<br/><br/>Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in debt securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund). The Fund may also enter into forward currency exchange contracts for hedging and/or investment purposes. Swaps and futures contracts may be used by the Fund in seeking performance that corresponds to its Index and in managing cash flows.<br/><br/>The Index is designed to be a broad based measure of the global investment grade, fixed rate, fixed income corporate markets outside the United States. The Index is part of the Barclays Global ex-USD Aggregate Bond Index. The securities in the Index must have a minimum $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining. Securities must be fixed rate, although zero coupon bonds and step-ups are permitted. Additionally, securities must be rated investment grade (Baa3/BBB-/BBB- or better) using the middle rating from Moody&#8217;s Investors Service, Inc., Fitch Inc., or Standard &amp; Poor&#8217;s, Inc. after dropping the highest and lowest available ratings. If only two agencies rate a security, then the more conservative (lower) rating will be used. If only one rating agency rates a security, then that one rating will be used. Excluded from the Index are subordinated debts, convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, linked bonds, and structured products. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month. As of September 30, 2013, there were approximately 534 securities in the Index and the modified adjusted duration of securities in the Index was approximately 4.72 years. As of September 30, 2013, the following countries were represented in the Index: Australia, Belgium, Canada, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Mexico, the Netherlands, Norway, Spain, Sweden, Switzerland, the United Kingdom and the United States.<br/><br/>The Index is sponsored by Barclays, Inc. (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund, the Adviser or the Sub-Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br/><br/><b>INDEX TRACKING RISK:</b>&nbsp; While the Sub-Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br/><br/><b>DEBT SECURITIES INVESTING RISK:</b>&nbsp; The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income.<br/><br/><b>DERIVATIVES RISK:</b>&nbsp; A derivative is a financial contract the value of which depends on, or is derived from, the value of a financial asset (such as stock, bond or currency), a physical asset (such as gold) or a market index (such as the S&amp;P 500 Index). The Fund may invest in swaps, futures contracts and forward foreign currency contracts. Swaps are contracts in which one party agrees to make periodic payments to the other party based on the change in market value or level of a specified rate, index or asset in return for payments based on the return of a different specified rate, index or asset. Futures contracts generally provide for the future sale by one party and purchase by another party of a specified commodity or security at a specified future time and at a specified price. Forward foreign currency contracts involve an obligation to purchase or sell a specific amount of currency at a future date or date range at a specific price, thereby fixing the exchange rate for a specified time in the future. When used for hedging purposes, forward foreign currency contracts tend to limit any potential gain that may be realized if the value of the Fund&#8217;s foreign holdings increases because of currency fluctuations. Compared to conventional securities, derivatives can be more sensitive to changes in interest rates or to sudden fluctuations in market prices and thus a Fund&#8217;s losses may be greater if it invests in derivatives than if it invests only in conventional securities.<br/><br/><b>FOREIGN INVESTMENT RISK:</b>&nbsp; Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Investments in securities issued by entities based outside the U.S. pose distinct risks since political and economic events unique to a country or region will affect those markets and their issuers. Further, such entities and/or their securities may also be affected by currency controls; different accounting, auditing, financial reporting, and legal standards and practices; expropriation; changes in tax policy; greater market volatility; differing securities market structures; higher transaction costs; and various administrative difficulties, such as delays in clearing and settling portfolio transactions or in receiving payment of dividends. Securities traded on foreign markets may be less liquid (harder to sell) than securities traded domestically. In addition, the value of the currency of the country in which the Fund has invested could decline relative to the value of the U.S. dollar, which may affect the value of the investment to U.S. investors. These risks may be heightened in connection with investments in developing or emerging countries.<br/><br/><b>GEOGRAPHIC RISK:</b>&nbsp; Funds that are less diversified across countries or geographic regions are generally riskier than more geographically diversified funds. For example, a Fund that focuses on a single country (e.g., China or Japan), or a specific region (e.g., the Middle East or African countries) is more exposed to that country&#8217;s or region&#8217;s economic cycles, currency exchange rates, stock market valuations and political risks compared with a more geographically diversified fund. The economies and financial markets of certain regions, such as Latin America, Asia or Eastern Europe, can be interdependent and may decline all at the same time.<blockquote><b>EUROPE:</b>&nbsp; Developed and emerging market countries in Europe will be significantly affected by the fiscal and monetary controls of the European Monetary Union. Changes in regulations on trade, decreasing imports or exports, changes in the exchange rate of the euro and recessions among European countries may have a significant adverse effect on the economies of other European countries including those of Eastern Europe. The markets in Eastern Europe remain relatively undeveloped and can be particularly sensitive to political and economic developments.</blockquote><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote>This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.Highest Quarterly Return: 6.77% (Q1 2012)<br/>Lowest Quarterly Return: -6.36% (Q3 2011)The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold Shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.The returns after taxes can exceed the return before taxes due to an assumed tax benefit for a shareholder from realizing a capital loss on a sale of Fund Shares.2012-03-310.0677Lowest Quarterly Return:2011-09-300.00440.1298<div style="display:none">~ http://www.spdrs.com/role/ScheduleAnnualTotalReturnsSPDR(R)BarclaysInternationalCorporateBondETFBarChart column period compact * ~</div><b>FEES AND EXPENSES OF THE FUND </b>128<b>PORTFOLIO TURNOVER: </b>In seeking to track the performance of the Barclays US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index (the &#8220;Index&#8221;), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSgA Funds Management, Inc. (&#8220;SSgA FM&#8221; or the &#8220;Adviser&#8221;), the investment adviser to the Fund, may invest the Fund&#8217;s assets in a subset of securities in the Index or may invest the Fund&#8217;s assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index. <br /><br />Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. The Fund will provide shareholders with at least 60 days&#8217; notice prior to any material change in this 80% investment policy. In addition, the Fund may invest in debt securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). <br /><br />The Index is designed to measure the performance of short-term publicly issued U.S. dollar-denominated high yield corporate bonds. High yield securities are generally rated below investment-grade and are commonly referred to as &#8220;junk&#8221; bonds. The Index includes publicly issued U.S. dollar denominated, non-investment-grade, fixed rate, taxable corporate bonds that have a remaining maturity of less than 5 years regardless of optionality, are rated between Caa3/CCC-/CCC- and Ba1/BB+/BB+ using the middle rating of Moody&#8217;s Investors Service, Inc., Fitch, Inc., or Standard &amp; Poor&#8217;s, Inc., respectively, and have at least a $350 million outstanding par value. The Index includes only corporate sectors. The corporate sectors are Industrial, Utility and Financial Institutions. Excluded from the Index are non-corporate bonds, structured notes with embedded swaps or other special features, bonds with equity-type features (e.g., warrants, convertibility), floating-rate securities and securities that move from fixed to floating-rate, Emerging Market Bonds, defaulted bonds, original issue zero coupon bonds, private placements and payment in kind securities. The Index is issuer-capped and the securities in the Index are updated on the index rebalancing date. As of September 30, 2013, there were approximately 399 securities in the Index and the modified adjusted duration of securities in the Index was approximately 2.14 years. <br /><br />The Index is sponsored by Barclays, Inc. (the &#8220;Index Provider&#8221;) which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index and the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<blockquote><b>PASSIVE STRATEGY/INDEX RISK:</b>&nbsp; The Fund is managed with a passive investment strategy, attempting to track the performance of an unmanaged index of securities. This differs from an actively managed fund, which typically seeks to outperform a benchmark index. As a result, the Fund may hold constituent securities of the Index regardless of the current or projected performance of a specific security or a particular industry or market sector. Maintaining investments in securities regardless of market conditions or the performance of individual securities could cause the Fund&#8217;s return to be lower than if the Fund employed an active strategy.<br></br><b>INDEX TRACKING RISK:</b>&nbsp; While the Adviser seeks to track the performance of the Index as closely as possible (i.e., achieve a high degree of correlation with the Index), the Fund&#8217;s return may not match or achieve a high degree of correlation with the return of the Index due to operating expenses, transaction costs, cash flows, regulatory requirements and operational inefficiencies. For example, the Adviser anticipates that it may take several business days for additions and deletions to the Index to be reflected in the portfolio composition of the Fund.<br></br><b>DEBT SECURITIES INVESTING RISK:</b>&nbsp; The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income.<br></br><b>HIGH YIELD SECURITIES RISK:</b>&nbsp; Securities rated below investment grade, commonly referred to as &#8220;junk bonds,&#8221; include bonds that are rated Ba1/BB+/BB+ or below by Moody&#8217;s Investors Service, Inc., Fitch, Inc., or Standard &amp; Poor&#8217;s, Inc., respectively, or unrated securities considered to be of equivalent quality by the Adviser, and may involve greater risks than securities in higher rating categories. Such bonds are regarded as speculative in nature, involve greater risk of default by the issuing entity and may be subject to greater market fluctuations than higher-rated fixed income securities. They are usually issued by companies without long track records of sales and earnings, or by those companies with questionable credit strength. The retail secondary market for these &#8220;junk bonds&#8221; may be less liquid than that of higher-rated securities and adverse conditions could make it difficult at times to sell certain securities or could result in lower prices than those used in calculating the Fund&#8217;s net asset value. When the Fund invests in &#8220;junk bonds,&#8221; it may also be subject to greater credit risk because it may invest in debt securities issued in connection with corporate restructuring by highly leveraged issuers or in debt securities not current in the payment of interest or principal or in default.<br></br><b>INDUSTRIAL SECTOR RISK:</b>&nbsp; Industrial companies are affected by supply and demand both for their specific product or service and for industrial sector products in general. Government regulation, world events, exchange rates and economic conditions will likewise affect the performance of these companies. Aerospace and defense companies, a component of the industrial sector, can be significantly affected by government spending policies because companies involved in this industry rely to a significant extent on government demand for their products and services. Thus, the financial condition of, and investor interest in, aerospace and defense companies are heavily influenced by governmental defense spending policies which are typically under pressure from efforts to control the government budgets. Transportation securities, a component of the industrial sector, are cyclical and have occasional sharp price movements which may result from changes in the economy, fuel prices, labor agreements and insurance costs.<br></br><b>UTILITIES SECTOR RISK:</b>&nbsp; The rates that traditional regulated utility companies may charge their customers generally are subject to review and limitation by governmental regulatory commissions. Although rate changes of a utility usually fluctuate in approximate correlation with financing costs due to political and regulatory factors, rate changes ordinarily occur only following a delay after the changes in financing costs. This factor will tend to favorably affect a regulated utility company&#8217;s earnings and dividends in times of decreasing costs, but conversely, will tend to adversely affect earnings and dividends when costs are rising. The value of regulated utility debt securities (and, to a lesser extent, equity securities) tends to have an inverse relationship to the movement of interest rates. Certain utility companies have experienced full or partial deregulation in recent years. These utility companies are frequently more similar to industrial companies in that they are subject to greater competition and have been permitted by regulators to diversify outside of their original geographic regions and their traditional lines of business. These opportunities may permit certain utility companies to earn more than their traditional regulated rates of return. Some companies, however, may be forced to defend their core business and may be less profitable.<br/><br/>Among the risks that may affect utility companies are the following: risks of increases in fuel and other operating costs; the high cost of borrowing to finance capital construction during inflationary periods; restrictions on operations and increased costs and delays associated with compliance with environmental and nuclear safety regulations; and the difficulties involved in obtaining natural gas for resale or fuel for generating electricity at reasonable prices. Other risks include those related to the construction and operation of nuclear power plants; the effects of energy conservation and the effects of regulatory changes.<br></br><b>FINANCIAL SECTOR RISK:</b>&nbsp; Financial services companies are subject to extensive governmental regulation which may limit both the amounts and types of loans and other financial commitments they can make, and the interest rates and fees they can charge. Profitability is largely dependent on the availability and cost of capital funds, and can fluctuate significantly when interest rates change or due to increased competition. In addition, the recent deterioration of the credit markets generally has caused an adverse impact in a broad range of markets, including U.S. and international credit and interbank money markets generally, thereby affecting a wide range of financial institutions and markets. Recent events in the financial sector have resulted, and may continue to result, in an unusually high degree of volatility in the financial markets, both domestic and foreign, and cause certain financial services companies to incur large losses. Numerous financial services companies have experienced substantial declines in the valuations of their assets, taken action to raise capital (such as the issuance of debt or equity securities), or even ceased operations. These actions have caused the securities of many financial services companies to experience a dramatic decline in value. Credit losses resulting from financial difficulties of borrowers and financial losses associated with investment activities can negatively impact the sector. Insurance companies may be subject to severe price competition.<br></br><b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.</blockquote><b>INVESTMENT OBJECTIVE</b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#8220;Shares&#8221;). This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.0.004This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:<b>THE FUND&#8217;S PRINCIPAL INVESTMENT STRATEGY </b>This table and the example below do not reflect brokerage commissions you may pay on purchases and sales of the Fund&#8217;s Shares.As with all investments, there are certain risks of investing in the Fund, and you could lose money on an investment in the Fund.<b>NON-DIVERSIFICATION RISK:</b>&nbsp; The Fund is non-diversified and may invest a larger percentage of its assets in securities of a few issuers or a single issuer than that of a diversified fund. As a result, the Fund&#8217;s performance may be disproportionately impacted by the performance of relatively few securities.The SPDR S&amp;P 600 Small Cap ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of small capitalization exchange traded U.S. equity securities.00628<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)GlobalDowETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)GlobalDowETF column period compact * ~</div>The SPDR Global Dow ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of multinational blue-chip issuers.0.005<b>PRINCIPAL RISKS OF INVESTING IN THE FUND</b><div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)MorganStanleyTechnologyETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)MorganStanleyTechnologyETF column period compact * ~</div><b>FUND PERFORMANCE</b>0.00500-0.0417-0.0457-0.0354-0.03216280.02620.02520.02230.0306The SPDR Morgan Stanley Technology ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded electronics-based technology companies.<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>0.06560.02850.08830.09730.70210.15410.13The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.0.0020.07320.0290.19830.0595The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)0.2340.04730.27000.0004The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)Fund&#8217;s Calendar Year-To-Date returnFund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.198306Highest Quarterly Return:-0.2811The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.0.11<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)Highest Quarterly Return:-0.2684Fund&#8217;s Calendar Year-To-Date return0.16590.01690.41210.27380.05680.05310.04720.05130.06970.06580.05910.0579The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.The SPDR S&amp;P Aerospace &amp; Defense ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the aerospace and defense segment of a U.S. total market composite index.<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)SP600SmallCapETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)SP600SmallCapETF column period compact * ~</div>0.003500443<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)SP(R)HealthCareServicesETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)SP(R)HealthCareServicesETF column period compact * ~</div>0.0035004430.34<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b>0.29240.28030.24370.2978<b>FUND PERFORMANCE </b>The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)0.23850.23340.20210.2427The SPDR S&amp;P Health Care Services ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care providers and services segment of a U.S. total market composite index.<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>0.48<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)SP(R)AerospaceDefenseETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)SP(R)AerospaceDefenseETF column period compact * ~</div>The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.Fund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.0379The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)Fund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.0099The SPDR S&amp;P Health Care Equipment ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index.0.0035004430.34<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)Highest Quarterly Return:-0.0464Fund&#8217;s Calendar Year-To-Date return0.16510.16050.11060.16980.07090.06810.05970.0751<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)SP(R)HealthCareEquipmentETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)SP(R)HealthCareEquipmentETF column period compact * ~</div>The SPDR S&amp;P Telecom ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the telecommunications segment of a U.S. total market composite index.The SPDR S&amp;P Software &amp; Services ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index.0.003500<b>PRINCIPAL RISKS OF INVESTING IN THE FUND</b><b>FUND PERFORMANCE</b>The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)4430.15430.14390.1040.15870.22810.21910.19090.23270.003500.370Fund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.04094430.42<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.0.11970.11150.08160.1247-0.039-0.0433-0.0345-0.0356<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDRRSandPRSoftwareAndServicesETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDRRSandPRSoftwareAndServicesETF column period compact * ~</div>Fund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.1154<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)SP(R)TelecomETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)SP(R)TelecomETF column period compact * ~</div>The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.0443<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)SP(R)TransportationETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)SP(R)TransportationETF column period compact * ~</div>The SPDR S&amp;P Transportation ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the transportation segment of a U.S. total market composite index.0.003500<b>FUND PERFORMANCE </b>0.36<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDRBarclays1-10YearTIPSETF column period compact * ~</div><b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>The following bar chart and table provide an indication of the risks of investing in the Fund by showing the Fund&#8217;s performance for the most recent calendar year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.<b>ANNUAL TOTAL RETURN</b> (years ended 12/31)The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.Fund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.03260.20380.20230.2090.13440.03640.03540.0310.0404The SPDR Barclays 1-10 Year TIPS ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the 1-10 year inflation protected sector of the United States Treasury market.0.001500.01<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b>The Fund has not yet completed a full calendar year of investment operations and therefore does not have any performance history. Once the Fund has completed a full calendar year of operations, a bar chart and table will be included that will provide some indication of the risks of investing in the Fund by showing the variability of the Fund&#8217;s returns based on net assets and comparing the Fund&#8217;s performance to the Index.The Fund has not yet completed a full calendar year of investment operations and therefore does not have any performance history.<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDR(R)BarclaysInternationalCorporateBondETF column period compact * ~</div><div style="display:none">~ http://www.spdrs.com/role/ScheduleAverageAnnualTotalReturnsTransposedSPDR(R)BarclaysInternationalCorporateBondETF column period compact * ~</div>The SPDR Barclays International Corporate Bond ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the investment grade corporate sector of the global bond market outside of the United States.0.005500689<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b><b>FUND PERFORMANCE </b>0.12980.1250.08440.13440.08610.07790.06890.09130.37The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for certain time periods compare with the average annual returns of the Index. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at http://www.spdrs.com.The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.<b>ANNUAL TOTAL RETURN</b> (year ended 12/31)Fund&#8217;s Calendar Year-To-Date returnHighest Quarterly Return:-0.0636505The SPDR Barclays Short Term High Yield Bond ETF (the &#8220;Fund&#8221;) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. high yield short term corporate bond market.0.00400<b>PRINCIPAL RISKS OF INVESTING IN THE FUND </b>0.54<div style="display:none">~ http://www.spdrs.com/role/ScheduleExpenseExampleTransposedSPDRBarclaysShortTermHighYieldBondETF column period compact * ~</div>The Fund has not yet completed a full calendar year of investment operations and therefore does not have any performance history.<b>FUND PERFORMANCE </b>The Fund has not yet completed a full calendar year of investment operations and therefore does not have any performance history. Once the Fund has completed a full calendar year of operations, a bar chart and table will be included that will provide some indication of the risks of investing in the Fund by showing the variability of the Fund&#8217;s returns based on net assets and comparing the Fund&#8217;s performance to the Index.Other2013-06-30SPDR SERIES TRUST0001064642false2013-10-312013-10-312013-10-31The Fund has adopted a Distribution and Service (12b-1) Plan pursuant to which payments of up to 0.25% of average daily net assets may be made; however, the Board has determined that no such payments will be made through at least October 31, 2014."Acquired Fund Fees and Expenses" are not included in the Fund's financial statements, which provide a clearer picture of a fund's actual operating costs."Other Expenses" are based on estimated amounts for the current fiscal year.The Global Dow inception date is November 9, 2008.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 20.74%.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 17.65%.The Fund has adopted a Distribution and Service (12b-1) Plan pursuant to which payments of up to 0.25% of average daily net assets may be made; however, the Board has determined that no such payments will be made through at least October 31, 2014.The Fund has adopted a Distribution and Service (12b-1) Plan pursuant to which payments of up to 0.25% of average daily net assets may be made; however, the Board has determined that no such payments will be made through at least October 31, 2014.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 28.48%.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 26.84%.As of September 30, 2013, the Fund’s Calendar Year-To-Date return was 34.71%.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 23.11%.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 14.90%.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 32.38%.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 36.05%.The Fund has adopted a Distribution and Service (12b-1) Plan pursuant to which payments of up to 0.25% of average daily net assets may be made, however, the Board has determined that no such payments will be made through at least October 31, 2014.As of September 30, 2013, the Fund's Calendar Year-To-Date return was 2.74%.The Fund has adopted a Distribution and Service (12b-1) Plan pursuant to which payments of up to 0.25% of average daily net assets may be made, however, the Board has determined that no such payments will be made through at least October 31, 2014.